SpaceX IPO Explained: Opportunity or Biggest Pump and Dump Ever? | First and Future Ep. 4

Is $75,000 really enough to live on in 2026? In this episode of First & Future, Dibbs & Liam dive into the changing definition of middle class, the upcoming SpaceX IPO, options trading, stock market psychology, and why real estate may still be the best path to building wealth.

We also discuss how ordinary people can use ownership, investing, and uncomfortable sacrifices to create financial freedom.

⏰ Timestamps

00:00 Are We Living in Lower Middle Class?
01:00 From McDonald's to Six Figures
03:20 Why Everyone Should Learn Real Estate
05:40 SpaceX IPO Discussion Begins
08:30 The Biggest Pump and Dump Ever?
09:30 Opposite Theories on SpaceX Stock
12:30 Why You Should Bet on the "Rigged Side"
15:00 Options Trading Explained
16:30 Understanding the Greeks (Delta & Theta)
20:00 Calls vs Puts Explained Simply
22:40 Macro Investing vs Technical Analysis
23:30 How News Moves Stocks (Crocs & Nintendo Example)
25:30 Social Arbitrage Investing Strategies
26:45 Buying Stocks Based on Everyday Spending
28:00 Tesla, Volatility, and Investor Psychology
30:30 How Long Should You Hold Options?
31:15 Silver, Copper, and Long-Term Trends
32:30 Two Different Investing Philosophies
33:45 Why 100% Gains Matter More Than Dollar Amounts
35:30 You Can't Diversify Zero
36:20 Why Real Estate Comes First
37:10 High-Yield Savings Accounts Explained
38:30 Turning $7,500 Into a Down Payment
40:00 House Hacking and Duplex Investing
42:40 Why Property Managers Are Worth It
44:20 Are People Willing to Make the Sacrifice?
45:00 The Proximity Principle and Why Money Is Real
45:40 The Hidden Cost of Being Broke
46:40 Buying Back Your Time
48:10 Why Discomfort Is Required for Wealth
49:10 Impostor Syndrome and Fear of Success
49:45 Successful Idiots Exist 😂
50:00 Knowledge Doesn't Beat Action
50:50 How I Closed a $400,000 Loan on Day One

🎙️ First and Future Podcast
Hosted by Coach Dibbs & Liam

In this episode:

✅ SpaceX IPO
✅ Options Trading for Beginners
✅ Stocks vs Real Estate
✅ Building Wealth in 2026
✅ House Hacking Strategies
✅ High-Yield Savings Accounts
✅ Passive Income Ideas
✅ Financial Freedom Mindset
✅ Investor Psychology
✅ How to Think Like an Owner

#SpaceXIPO #Investing #StockMarket #OptionsTrading #RealEstateInvesting #PassiveIncome #HouseHacking #FinancialFreedom #MoneyMindset #PersonalFinance #Entrepreneurship #coachdibbs #FirstAndFuture
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Transcript

SPEAKER_01 0:00

Just like that goes to show you like you're not invincible. Even when you're right, you can be wrong.

SPEAKER_02 0:04

Yeah, 100%. Is today gonna be our stock podcast then? Because I didn't tell you anything I wanted to talk about, but it's all stock related. So I guess is I guess that's where we're going. All right. Uh first I definitely want to talk about how we're always right and how um that needs to be the precedent first because last week we talked about 75k being uh not enough money for a family to live off of. Yeah. And uh I think I sent you the post, but I saw something that said the poverty line now is zero to fifteen thousand dollars a year. 15, I think 926. Uh and then I was scrolling through, was doing all the ranges, and it said 55 to 85k is lower middle class. So isn't that pretty much exactly what we said? Not barely, you can cover your bills, you can cover where you live, but you can't really save, you can't really get ahead. Right. Which to me that's the definition of lower middle class.

SPEAKER_01 1:01

Yeah, like I I've been through all levels. Yeah. I worked at McDonald's making less than minimum wage. I like I was a teenager making the training wage at McDonald's. Three dollars an hour or whatever. Yeah, that was my that was my first full-time job. So I remember I remember going to my manager, like, hey, I'm an adult. I need I need grown-up hours. Yep. I need 40 hours a week. I need money. And you know, that felt that felt really grown up to me to say that I was making 150 bucks a week. Yep. Um split rent with my roommate uh in that two-bedroom cathedral ceiling apartment I was telling you about for $690 a month. Yep. Paying off with the McDonald's job, paying it with the McDonald's job, and and then from there, like just kept leveling up. So I went from seven to ten to thirteen to fifteen to nineteen to twenty five. I think the highest hourly rate I was at was about 32.

SPEAKER_02 2:12

Have you ever calculated your hourly for being a realtor? Because I know it's a big thing with like that. You should be doing that I should be doing with any sales job, with even my DJ job. Like, I should be really sitting down and being like, Well, I think my time is worth this. And there is an equation to find that. Yeah. I just haven't gotten around to it. We should probably do that on the podcast.

SPEAKER_01 2:31

Yeah, yeah. I've never I've never seriously done that. As long as my money was covering my necessities and I could go buy toys, yeah, I was I was pretty happy. The most that I made in one year uh was 253,000 as a as an agent. Man, um if I had calculated my hourly rate that year, because I didn't work for three months. Damn. Like so.

SPEAKER_02 2:54

So it's really 250 in a nine-month period. Yeah.

SPEAKER_01 2:56

That's crazy. Like I took the whole summer off. I didn't work all of December. Like I took I don't blame you. Yeah. Like it was a it was a good time.

SPEAKER_02 3:05

100%.

SPEAKER_01 3:05

What year was that? That was uh 2017.

SPEAKER_02 3:08

Yeah, it checks out. Yep. That's when real estate was popping.

SPEAKER_01 3:12

Yeah, yeah. So that was uh that was my second year as a full-time agent. Damn. I had my license three years before I did anything with it.

SPEAKER_02 3:22

Yeah, that's the case though. I mean, that's what we talked about last week. How many realtors don't sell houses? They just have their license. They're sitting on it. I'm gonna get my license soon, though. Uh give it a month, maybe two. Yeah, I'm saying it now to like hold myself accountable that way people can see it.

SPEAKER_01 3:38

So we can talk about the opportunities with that, man. Because I I think I'm I'm an advocate of everyone should get their real estate license right out of high school. Yep. I pushed this for the state of Michigan to do it. Um what'd they say? They said no. Yeah. But but what it what it did was it drove a conversation toward financial literacy in high school. And and uh uh Governor Whitner, she championed for financial education before you graduate for high school. So, you know, some good came out.

SPEAKER_02 4:10

What year was that? What year was that?

SPEAKER_01 4:12

This wasn't even that long ago. This was like 20 2023.

SPEAKER_02 4:15

Okay, because I would say I graduated in 2019. I was about to say I didn't get none of that. So if you did do it back then, it didn't work.

SPEAKER_01 4:22

Yeah, this is this was uh this was more recent. Okay. Um but yeah, uh the those that administration um we pushed uh not legislation, but we pushed the proposal through uh through RPAC, which is the uh Realtor Political Action Committee. Okay. Um we pushed that legislation through there. The boards got it up to, you know, got it up to Lanson, and um one thing turned into another. So so that proposal to have your real estate license before you leave high school turned into financial literacy in high school. That's sweet. That's really cool.

SPEAKER_02 5:02

You did that.

SPEAKER_01 5:03

I did that.

SPEAKER_02 5:04

How does no one know that you did that? Our names weren't attached to it.

SPEAKER_01 5:08

There's like a there's like a ballot box. There's like uh so you you put your suggestions in this box, and once it gets submitted, or they vote on um, you know, which proposals we'll send up, which ones will fund and back and vote for. Yeah, okay. And there's no names attached to it, it's just our pack.

SPEAKER_02 5:26

Oh, okay. So you just write your idea. Like, damn, it's a good idea. Like, I did that. I'm taking that. That's my idea now.

SPEAKER_01 5:32

That happens a lot today, but you know, I don't I don't seek the credit as long as the the things are being done. That's all that matters. That's that's all I care about. 100%.

SPEAKER_02 5:42

Speaking of financial literacy, because this is what I want to talk about today, because I my roommate told me a little bit about this yesterday, and I wanted to research it more today. So I didn't I've been living under a rock recently. Um SpaceX is IPO in on the 12th. Yes. So very cool.

SPEAKER_01 6:00

Have you seen anything about this? I've seen, I've seen, I've been following it. Okay. Um, haven't researched it as far as you know deciding whether or not I'm gonna put my money into it, but I I've been seeing clips and uh and I know about it. All right, so a couple things.

SPEAKER_02 6:16

They're looking to raise about I think $75 billion is what they're looking for, which was gonna be about $555 million shares. Um, it's IPO in at $135 a share. And what isn't as common to see that you have to kind of dig for this research is apparently all of the SpaceX employees are getting stock options. They are forced to hold them for five days, they can't sell them. So I'm gonna get into my prediction in a second, because I won't start making predictions on this more. Um, you know, $135 a share. Employees need to hold for five days. Um, the company is gonna be valued at $1.77 trillion, which is crazy. That's a fake number. That doesn't exist. Yeah. Um, so a couple things that I saw, and this is leading to my prediction. Fidelity is lowering their account minimum access uh to access IPOs for this uh IPO from $500K to $2,000. So you could you normally couldn't access IPOs without $500K in your account being an accredited investor.

SPEAKER_01 7:21

One of the reasons that I left Fidelity, yes.

SPEAKER_02 7:23

Yep. And now you can do it for two grand. Um they also, this is kind of separate, but I think kind of plays with it. Uh no more $25,000 minimum in your account for day trading. Yep. Or minimum trades, I think, right? Is it trades or is it just held in the account?

SPEAKER_01 7:37

That's a that's a I'm not gonna say it's a myth, but it's a misunderstood rule. You have to have $25,000 in your account, or you did, you had to have $25,000 in your account to trade daily. Right. If you wait three days in between trades, you're not day trading. You're you're I mean, which is probably what you should be doing. I I don't recommend day trading.

SPEAKER_03 8:03

First of all.

SPEAKER_01 8:05

No. But if you're going to do it, yes, you need a healthy, uh, you need a healthy margin in your account. Yeah. Um, but yeah, that rules only for people that are trying to do trades on the same day. Okay. You can trade as much as you want as long as you let the money settle after you make a trade.

SPEAKER_02 8:23

Okay, that makes sense. And that actually that leads me to this. So one more thing, and then I want to get to my prediction, is I also saw, and this is what my roommate was telling me, was apparently SpaceX has a deal with the big hedge funds that hold a lot of 401ks that I don't know the exact percentage, but a percentage of the total 401k needs to be invested into SpaceX. And it's gonna be so we're pretty much backing SpaceX off of people's 401ks right now. That's crazy. And again, that combined with the five-day hold, my theory is we're about to see the biggest pump and dump ever on day six of that stock being public. That's my guess. Everyone's gonna hype up because it's Elon, it's SpaceX, it's oh my god, this new IPO of like the trendy Bitcoin buzzword stock. Yeah, five days are gonna pass because that's not gonna be huge information that you're finding is everyone's holding for five days. I'm gonna put a put option on day six. That's just my guess. I'm not saying to do that, not financial advice. Um that's what I'm doing though.

SPEAKER_01 9:31

I'm gonna take the opposite position.

SPEAKER_02 9:33

Interesting.

SPEAKER_01 9:33

Um I'm gonna say, using your same logic, if I'm forced to hold an RSU for at least five days, I know that there are only buyers in this company. Right. That's gonna shoot my value up past my strike price. It's gonna be past what I'm holding the RSU for. I'm gonna be so deep into the money, why wouldn't I wanna sell my stock option for you know at least double the stock price? If I've got a call position that's if it's opening at 135, right? Yeah. Why wouldn't I sell to close that option at 260? How do you know it's gonna get to 260? Because nobody's allowed to sell. The people with the most holdings are gonna be holding while everybody else is buying, pushing the number up.

SPEAKER_02 10:31

That's yeah, I guess I see that's true. But also the people that can't sell, we don't know, at least I haven't seen the exact number amount of like percentage of what that's gonna be and how much of the percentage of the stock they're gonna be holding. Yeah, we don't know. And also, another thing is we just don't even know if that's true.

unknown 10:48

We can't really.

SPEAKER_01 10:49

I'm just gonna say if that theory plays out.

SPEAKER_02 10:51

But yeah, yeah. If that theory plays out, right?

SPEAKER_01 10:54

And my put option theory is wrong as well, if that theory is not true.

SPEAKER_02 10:57

I mean, I'm I'm done.

SPEAKER_01 10:59

If everybody, and and so here's the other thing is the downside risk to that put option. If I sell the clothes at 260, I'm so deep into the money that I can't lose.

SPEAKER_02 11:12

Yeah. And then you sell that, and then you put a put option on the downside of what you're saying. Exactly. Okay.

SPEAKER_01 11:18

So, and then but the downside risk, if I if I sell the clothes my put option, I'm taking the opposite at 135, saying the stock's gonna tank on day six.

SPEAKER_03 11:27

Yeah.

SPEAKER_01 11:29

And that and that shit skyrockets the 260. It's gonna keep going until I'm bankrupt. Like there's no, there's there's you lose to infinity on a put on a put option.

SPEAKER_02 11:41

Okay, yeah. I see what you mean.

SPEAKER_01 11:44

So if it's 500, uh, if it's $500 at the end of the day, because it's 170, what did it say? 173 trillion?

SPEAKER_02 11:51

Uh no, 1.77 trillion.

SPEAKER_01 11:54

Okay, so 1.77 trillion valuation, that's gonna be way more than 135 a share if a company's that valuable on day one. True. That that's 135 a share is is basement pricing for a two trillion dollar company and growing. So 135, everybody's participating in this IPO. Yeah. You've got one of the biggest brokerages in in the country lowering their their bar, they're letting more people in to invest in this IPO. Don't you think that's suspicious though? Yeah. I think it's very suspicious. Don't you think they're setting up for a rug pull? Like it's but so and that's the game though. That's that's the game that we play. So so you want to be on this, like I'll tell this, even with sports betting. Yeah, if you feel like sports betting is rigged or if banking is rigged, bet on the rigged side. That's true.

SPEAKER_02 12:56

Well, because the NFL technically is an air is entertainment, it's not it's not legally classified as sports. So technically, it's legal for them to fix games.

SPEAKER_01 13:06

Yeah. Bet on the rigged side. That's that it's as simple as that. There, if there are two outcomes, you bet on the side that you think would benefit the people in power have the most benefit on.

SPEAKER_02 13:17

Do you oh have you seen uh that list that someone put on Twitter like five, six years ago, actually probably more now, of um every NBA winner for like the next decade? So far, it's have uh it has a hundred percent strike rate since like 2015 to now. If the Spurs win this year, it's got 100% strike rate so far. If the Spurs do win this year, I'm putting a lot of money on the funder next year because they're the next ones to win.

SPEAKER_01 13:42

That's gonna kill my parlay. I got the Knicks in six. That's a crazy bet.

SPEAKER_02 13:46

I don't know. I feel like Wemby's gonna cook them. That's just me.

SPEAKER_01 13:49

He should have been cooking them, bro. Yeah, if if Wimby gets 26, 12, and five blocks a game, and they still lose by double digits. What hope do you have?

SPEAKER_02 13:59

That's true. I like Vassel too. I just I don't know. I like Vissel, I like Castle. I think they have a really solid team. I like them.

SPEAKER_01 14:04

I would be biased. I love them. I love the team. I would love to see Wimby get his first ring, but right now, Wimby's the two trillion dollar company getting ready to pull the rug from everybody. Wimby's a set, like he's not human, bro. Seven foot six, can shoot, can dribble, can can do all these things. He's a unicorn.

SPEAKER_02 14:26

Yeah.

SPEAKER_01 14:27

And and so is that that the Spurs organization is the rug bull. Oh, gotcha. Gotcha now. We're gonna have all you guys hold these units. The Spurs won 60 games this year. We got all the talent. We drafted well. Get to the finals, get a double-digit lead, and we still lose by 10. Yeah, it's insane. That's insane. SpaceX.

SPEAKER_02 14:52

That is SpaceX. So we need to buy, not financial advice, we need to buy the stock at IPO, at drop. That's my theory. That's what I'm gonna do. Okay, hold it to at least double our money. The second I'm out and I've got my profit, put option for like the next week. So here's the thing with only half the money. So I am still, you know, I got my initial investment out.

SPEAKER_01 15:13

Options pricing. Yes. These premiums you got your you got your strike price, right? You got the you got the price that you think that it's gonna go to. Okay? The market also has a price in their minds, the market makers have a price that they think it will go to.

SPEAKER_03 15:32

Yeah.

SPEAKER_01 15:34

You're gonna pay a premium for pre-buying that price. Right. Okay? On a trade like that, you're probably looking at you know, two or three thousand to get somewhere in the money.

SPEAKER_03 15:56

Yeah.

SPEAKER_01 15:56

You're talking about a uh a seven-day expiration. Right, yeah. So the the if we're talking about the Greeks, your theta decay is gonna be eating you up every day. And this is where I'm lost. The volatility is gonna be eating you up every day. That for sure, yeah. Um and then your delta is probably not gonna be very high because of how fast the stock is gonna be moving. You might be making like because you only got seven days, you might be making like maybe 20 bucks for every dollar it moves up.

SPEAKER_02 16:29

So for the people who don't know me, um find the Greeks.

SPEAKER_01 16:35

Okay, so the Greeks are just like a uh kind of a snapshot of the options that you're buying. You got two sides. You got a call, which is predicting that the stock will go up, and then you got puts, you got put options that are predicting that the stock will go down. Okay. All right, in simple terms. The Greeks tell you, yeah, the Greeks will tell you your delta will tell you how much money that you will make for every stock, for every dollar that stock goes up or down. Okay. All right. Your uh theta decay, which is if if you if you're a visual person, you know those zeros with the line through it? Yeah. That theta decay tells you how much money, yeah, how much money you will lose every day holding that that call option. There's a cost to it. Right.

SPEAKER_02 17:31

Okay.

SPEAKER_01 17:32

All of those numbers are multiplied by 100. So if you've got a date a theta decay of 0.20, yeah, multiplied by 100, that's $2.

SPEAKER_02 17:42

Because every option you buy is 100 shares of the stock, right? Correct. Yeah, the right contracts.

SPEAKER_01 17:47

Yeah, the right to buy 100 shares.

SPEAKER_02 17:50

Or sell if you're doing puts, right?

SPEAKER_01 17:51

Right.

SPEAKER_02 17:52

Okay.

SPEAKER_01 17:52

So so if I buy one uh call option, one contract for a call option, yes, I have the right to buy a hundred shares of that stock at that price.

unknown 18:03

Yeah.

SPEAKER_01 18:03

So just for easy math, if I buy one contract, 100 shares of a stock that's $100. Okay. Yep. I have the right to, and the stock is trading right now at $75. I have the right to buy those 100 shares for $10,000 at any point. At any point. At any point. Even if the stock goes to $150, I can still buy those shares for $10,000. So it won't cost me $15,000. It will cost me $10,000. Because you have your contract kind of already made by buying in it when you bought it. It's already been agreed to.

SPEAKER_03 18:41

Yeah.

SPEAKER_01 18:42

I have a contract with the broker for the right to buy these shares at this price.

SPEAKER_02 18:48

And that's where you can make more upside than just buying the stock as well, because you're buying it by the hundreds, not just by $50,000.

SPEAKER_01 18:54

That's where you make your money. Is now that I have this contract to buy a hundred shares at this price, if the if the price rises higher than what I bought, and this is a call option. If if I if the price rises to 150 bucks, how much of a discount do you think? Like what what how much would you pay to buy something for 50% off?

SPEAKER_02 19:20

50%.

SPEAKER_01 19:21

You get what I'm saying? So you're gonna get a discount because I bought I pre-bought these shares for $10,000. Somebody's already willing to buy them. The market already says somebody's willing to buy them for $15,000.

SPEAKER_03 19:35

Right.

SPEAKER_01 19:35

So the broker is gonna buy those shares back from me at a discount and sell it to somebody else for a $5,000 premium, and they're going to cut me the difference.

SPEAKER_02 19:45

Right. And that's where you can still kind of make your money, even if you're not buying at 50% off, you might buy at 26% off, but they still have the agreed upon contract, you're making your money regardless. Might be less if you don't get out in time, but you can play that game.

SPEAKER_01 20:00

Yeah. So anything that is on the call options, we're I'm specifying, I'm just talking about this one because this is the most common one to trade. Yeah. This is the one people understand. Stocks going up. Um well, stocks always go up. Always. Uh Liam. This is my financial advice.

SPEAKER_02 20:21

The stock market has to go up forever, or else the whole market crashes. What do you you know what I mean?

SPEAKER_01 20:26

No, it just has to not go out of business. That's it. That's the thing. The companies just have to not fail. That's the minimum we require is that you not go out of business. Thanks, Spirit. Yeah, right. So uh when we're when we're waiting on these stock options to go up, the uh the premium is how you make your money, the the discount. So they're called uh in-the-money options. Yeah, so the further away you get from your strike price, which is what you thought the stock would go up to, the market value of the stock goes past that, now you're in in the money. So those anything below where the current price is, yeah, is an in-the-money strike price. Right. All right. Okay. Anything above that is out of the money. Because you're that's and you're at a loss. Yeah, you you that's not where you want to be. Yeah, you want to be as close to end the money as possible.

SPEAKER_02 21:22

Yeah, that's your zero, your par.

SPEAKER_01 21:24

Yep. Yeah. So now the opposite is true for all the put options. You want the stock to tank, you want them to go out of business. You know what to do. Because you're gonna go and you're gonna make money in their demise. Yep. All right, people are trying to get it at a discounted rate. They're like, sell, sell, sell, and you've got the lowest sale price. So now it's a race to the bottom. Yeah. So if you've got the lowest put option on the market and somebody's got uh, you know, somebody's like, oh man, I think this company's gonna. Bottom out at $25.

SPEAKER_03 22:01

Yeah.

SPEAKER_01 22:02

But right now the company's trading for a hundred bucks. They're gonna give you money for that low price to buy it at a discount.

SPEAKER_02 22:09

Yeah, okay.

unknown 22:10

Yep.

SPEAKER_02 22:11

And you bought it beforehand, you pretty much locked yourself in of like, I knew more than everyone else. Exactly.

SPEAKER_01 22:16

And the Greeks the big short kind is no, that's exactly what it was. Yep. And the Greeks tell you how much money you're going to make based on those numbers. So when you're buying those options, that's what the Greeks are there for to let you know what the risk and reward is on buying this contract.

SPEAKER_02 22:34

Right, okay. And that's how you can make your equation pretty much of like how much do I want to spend? Where do I want to be? How do my contracts work? I'm more of a macro guy, so a lot of this goes over my head because I never focus on the technicals. Oh, yeah. The technicals are fun, bro. Can I afford this? Where do I think the economy is gonna go? Like, um, do I think we're gonna move towards nuclear energy? I'm buying uranium. Do I think data centers are gonna go up? But what do data centers need? They need silver, they need gold, they need fiberglass, they need copper. Yep. So I'm just buying off of that. And then I just find the companies I think have the best upside if they have the contracts to be made with that company, whatever it is. You know, that's always been my philosophy. So I've never looked into the technicals like this.

SPEAKER_01 23:13

Yeah, and but so the technicals actually do a little bit more than that. Like, even though they they like paint a picture for you, they don't tell the whole story. Right. You you brought up to me that uh Crocs just released uh a new shoe, right? Uh collab with Nintendo. A collab with Nintendo. Yeah, that's news that Crocs fans would enjoy. Investors see that news and they say, Oh, hey, there might be some value here. Social arbitrage. Crocs jumped up $2 today after that news dropped.

SPEAKER_02 23:47

Yep.

SPEAKER_01 23:48

That was information I would have loved to know.

SPEAKER_02 23:50

My bad. I woke up and saw that. Check my email. I'm like, oh, okay. Didn't you should know this? I just didn't tell you, I forgot.

SPEAKER_01 23:56

Yeah, I I just exited that trade uh like a week and a half ago.

SPEAKER_02 24:00

I cost you money today. Yeah, my fault.

SPEAKER_01 24:03

Yeah, man. So I mean, just the the Greeks told me that I was gonna make $41 for every for every dollar Crocs went up. Yeah, I bought it at $96. I bought that call option for $120 at $96. Okay. So quick math, I missed out probably on two grand this week, not holding that stock or not holding that option longer.

SPEAKER_02 24:26

You see the stock price today? I haven't checked.

SPEAKER_01 24:28

Yeah, it's $121. Um, there you go. Yeah, so it went from $96 to $121 in three weeks. That's so crazy.

SPEAKER_02 24:34

I don't understand it because like who's buying Crocs? I feel like they're very expensive for what you're getting. Everyone's buying Crocs. I found out breaking stocks like $180. Who's who's buying that?

SPEAKER_01 24:43

Bro, I got $180.

SPEAKER_02 24:45

There's a lot more, like, I'm getting a pair of Jordans or something.

SPEAKER_01 24:47

Like, there's a lot more. I want to I want to emphasize this too. Like, you don't have to understand a business for it to be profitable. That's so true. I do I don't own any crocs. I I've never desired to buy any, but I saw athletes wearing them, I saw nurses wearing them, I saw kids at schools wearing them. Yeah, so parents with money, professional athletes with money, uh, career women with money were all wearing Crocs. So I saw that as I saw that as a financial indicator that Crocs was a successful company.

unknown 25:23

Dang.

SPEAKER_02 25:24

Have you looked, because that kind of is what it is, but have you looked into or like consciously thought about doing like a social arbitrage kind of method on uh stock buying?

SPEAKER_01 25:33

If you know anything about that, I don't know a bunch, but explain it a little bit, a social arbitrage.

SPEAKER_02 25:37

It's uh I've seen the dudes on like the dumb money podcast, if you've seen them, they're smart as hell. Um but pretty much what they do is this guy just scrolls TikTok all day and he's like, all right, what is relevant right now? What's the next trend that's coming up? So like when they I saw a whole deep dive deep dive they did about Lubu-Boo, where it was one of the first like gotcha type boxes to get into the female market and like really break through because normally gambling is more of a male-dominated field. Um, so they saw that broke through, and their instant thought was okay, this is becoming trendy in China, it's gonna get over here soon. Who owns this? Who manufactures these? Right, what company is that? And then you start buying that and you're you're riding the trend cycle. So instead of looking at the technical analysis or which you still can, or the macro, you're looking at just the trend cycle of yeah, just buy signals, a product, yeah.

SPEAKER_01 26:35

Okay, yeah.

SPEAKER_02 26:36

I mean, I I can it's kind of like combining it, it's like macros but for a social trend almost.

SPEAKER_01 26:41

Yeah, so so I've got a different approach, but it's similar. So when I first started investing in stocks, I started with going through my bank account. Okay, and my wife was spending a lot of money at Target and Costco.

SPEAKER_00 26:54

So those are like Costco.

SPEAKER_01 26:56

Those were I was like, hey, what stocks were explained to me as ownership of a company. Yeah. So if you buy a stock, you own a piece of that company's profit. Yeah. So I'm like, okay, well, where am I who whose profit am I contributing to?

SPEAKER_03 27:15

Yeah.

SPEAKER_01 27:15

I went through my bank statement. Costco and Target were the were the top two. So those were the first two stocks I bought. Yep.

SPEAKER_02 27:22

And you gotta think when you're in Costco too, how many other people are in Costco with you? Man spending crazy amounts.

SPEAKER_01 27:27

Like my mind hadn't even gone there yet.

SPEAKER_02 27:29

Yeah.

SPEAKER_01 27:30

My mind was on I'm giving a thousand bucks a month to Costco and Target. I want some of it back. Yes. So I bought Costco at like 200 bucks a share. I bought Target, I think it was trading at like $78. Um, I bought 10 shares of each.

SPEAKER_03 27:48

Yeah.

SPEAKER_01 27:49

So, you know, not just modest. Just to get in the door. Yeah, just to get in the door and see what was going on. Um later on, I bought Tesla.

SPEAKER_02 27:58

Um checks out.

SPEAKER_01 28:00

Yeah, I mean, it was it was trim.

SPEAKER_02 28:02

It was I feel we've all bought Tesla. Everybody's bought Tesla at one time. And lost money on it. And made money, but also lost money.

SPEAKER_01 28:09

So Tesla was the the first stock that um I experienced volatility on. Yep. Bought the stock. I think I lost $8 because it was like it was like $400 a share. Oh, yeah. It went down to $392. My wife's in my ear, like, it's going down, everything's red, sell it.

SPEAKER_02 28:26

And that's why everyone loses money. I think it's something crazy, like 90% of like retail investors lose money in the stock market because of that mentality. Because they see the thing and they're they're scared of losing more. Yep. So they're like, oh, I it's red, I need to sell, and then it's green. It's like, oh, well, I should keep waiting because it can get you can get more.

SPEAKER_01 28:44

You should do the opposite. You should, I mean, not should do the opposite.

SPEAKER_02 28:47

You no, you should. You should sell when the market is greedy and you should buy when the market's fearful. But you should be able to do that. That's been my old mentality, also.

SPEAKER_01 28:55

Yes. And mine is I'm gonna check the technicals. Do I believe in this company?

SPEAKER_02 28:59

And that has nothing to do with fear or greed, it's just is this making sense?

SPEAKER_01 29:03

Exactly. Yeah, yep. So, so I mean, but that absolutely was like I I quit a job and I had it in my mind that I was gonna cash out my 401k and day trade for a living. That was my that was my plan.

SPEAKER_02 29:20

We still can. Nothing's stopping you.

SPEAKER_01 29:23

No, nothing's stopping me now. But back then, $6,800 was not enough to quit your day job to day trade.

SPEAKER_02 29:30

No, definitely not.

SPEAKER_01 29:31

I lost it all.

SPEAKER_02 29:32

I was about to say it's a week.

SPEAKER_01 29:34

I lost it all. I was off work, I think, for for three months before I went back. So $6,800. I paid my my rent that month.

SPEAKER_03 29:45

Yep.

SPEAKER_01 29:46

Um I was day trading Tesla. Uh made a bunch of money the first day, like, or a bunch of money to me. Well, I've made like $1,200.

SPEAKER_02 29:57

In a day, that's a night, yeah.

SPEAKER_01 29:59

Off of a off of a $20 trade, but it was Tesla. It's Tesla. So you get spoiled because Tesla's one of those stocks that's or was one of those stocks that's so volatile. Like it can go from $100 to $400 in a day and then be at $50 the next day. Warps reality. It warps your mind. Like, so I put a I bought a call option that was so far out of the money, had no shot. Today I call those lottoes. Yep. Those are those are lottery tickets. I will never do a one-week expiration. Yep. Um, but back then I didn't know any better. So what's your average? Like two weeks, you think you put? Probably a month. Yeah. I'll go a month out.

SPEAKER_02 30:40

Damn, okay.

SPEAKER_01 30:41

Yeah. Unless I really know something is coming that's that I know because I know like the psychology of the market now and and you know, different uh levels where people buy different buy-in levels. Yeah. Unless I know a catalyst is coming up, I will go a month out, no less.

SPEAKER_02 31:01

So I'm trying to see like what I'm invested in right now, not financial advice. Um, I forgot to buy stock today. I always put like $15 in like every week just to like auto go in. Yeah. Nothing. Um yeah, we talked about this one. So I was um I want to get into again because I'm trading off of macros. You're trading off of like big companies that everyone knows that have stable technicals. I'm buying smaller companies with upside potential, I think, that I'm more trading off of what I think can happen versus what the stock specifically is doing. So like silver is up. I think silver is gonna go up even more, and it's gonna continue to go up as the demand for it goes up, as the dollar keeps crashing, like we talked about every time I think we've done this podcast. And uh, as data centers and places like that need it more, I want to buy more silver. And what I was thinking is I don't want to have just physical silver, so you can buy like the mining companies. So I'm in like silver mining companies, I'm in the copper mining companies, and then a couple other things. Nothing really too crazy. Those are my main two. Everything else is just like 20 bucks here and there just to see. So, like we trade very differently, I feel like, but I definitely want to learn more of your side of things because I'm really just buying off of like, I think this is gonna happen. When it does happen, I think these are the companies are gonna profit off it. I'm more trading off of an idea, yeah.

SPEAKER_01 32:31

And that's that's a that's a philosophy too. Two schools of thought on that. Like, so you're you're of the mindset when there's a gold rush, buy people that are selling shovels. Yeah, exactly. So so I'm I'm with that. It's a slow grind. Yeah, for sure. So I always tell people, like, what is your goal? Yep. You know what I mean? Like, we can't we can't map out where we're going if we don't know the destination.

SPEAKER_02 33:00

I feel like the goal is important, but I also feel like how much mental energy do you want to put into it? Because that's that's my thing, is I check my portfolio maybe once a week because I know I'm just I'm putting my money in, I'm checking my stocks, see where I want to buy, if it's a good day to buy, and then I'm really just kind of dollar cost averaging in. Yeah. I'm guessing you check yours at least daily, every other day.

SPEAKER_01 33:23

If I'm in a trade, yeah, once a day.

SPEAKER_02 33:25

Like if you're yeah, if you have an active trade, yeah.

SPEAKER_01 33:27

Yep. If I'm in an active trade, I'm checking once a day, I'll check it at market open. Uh and you know, if if I see some news come across, then I might check toward the end of the day to see if I want to get another position, buy more, stop loss. Yeah, exactly. But each trade that I go into, I'm only, you know, it's it's it's not a scalp, but if I double my money, I'm fine with that. Yeah. 100% gain. That's that's I can't complain at that. I can't complain. I doubled. I'm ready for the next for the next move. I exited Crocs when I doubled my money.

SPEAKER_02 34:06

That's where I feel like people get lost though, too, is they aren't looking at like the percentage, they're looking at the dollar amount. Yeah. Because it's like, oh, I double my money, oh, my 20 bucks went to 40 bucks. Well, 40 bucks isn't a lot. I could have hundreds in this. It's like no next time. You have a hundred percent upside. That's really good.

SPEAKER_01 34:24

Yeah, so if you would have put 200 bucks in there, you'd have 400. Yep. So that that's where I started. Uh, you know, and and that's a mentality shift too. From people are like, okay, I don't want to risk a hundred dollars. Yeah. Versus, hey, this hundred dollars could be two thousand in two weeks.

SPEAKER_02 34:45

That's also where I feel like you diversify in your stocks. Like, I'm guessing I'm totally off top of my head because I really don't know how you balance your stuff. But like for me, I have a lot, like we talked about in gold and silver, that's like my forever. I'm not touching that money. And then I have my well, what the plan was now that we're 60% down, the plan with crypto was to hold it for a much shorter period of time and then kind of flip that day trade a little bit through a couple of them, but like like trade maybe weekly on it just to like get upsides from it. But point is like you have some that just sit there and some that you're not touching, and then you have some that you're actively moving to try and create more money. Yeah, do you kind of have that same philosophy? Same breakdown?

SPEAKER_01 35:27

Yeah, diversification is important once you have a solid base. Yeah, so I feel like diversification is a word that we throw out a lot when people are starting with nothing.

SPEAKER_02 35:39

Yeah, how am I gonna diversify into real estate gold, silver, stocks, crypto, cars?

SPEAKER_01 35:45

You cannot diversify zero. Cannot divide by zero. So you have to build something first to diversify it.

SPEAKER_02 35:54

So where would you start if you had to start in a single field right now? Where would you start? Because I started crypto and like kind of half and half gold, gold crypto. But like I would say mostly crypto is where I started, and then once I had like let's say five grand built up there, that's when I moved. And I'm like, okay, I'm gonna start putting money here. And then I got I don't even remember the dollar amount, I got a certain amount of money in that, and then I moved again. That I was one at a time. I wasn't like putting 10 bucks in each over time, you know.

SPEAKER_01 36:23

So today, and and and it's gonna depend on where you are. But if I was starting today, I would do everything I could to get my hands on some real estate. Yeah, I would buy real estate and let that appreciation grow so that I could buy stocks.

SPEAKER_02 36:39

But obviously, real estate's a higher entry dollar amount to get in for the most part than the average stock. What would you do with your money in the meantime as you're waiting for it to build up enough for your down payment and closing costs?

SPEAKER_01 36:53

Let's say I would save my money in a high interest savings account. Two staying. Until I had a down payment for some real estate.

SPEAKER_02 37:01

Okay. So you wouldn't even want any volatility. You're staying in just a high yield cash savings. Yes.

SPEAKER_01 37:06

That's wow. Okay. Like, so be because so that rate's not guaranteed, but you're getting something. So right now, SoFi has uh, if you get direct deposit through SoFi, you get four percent.

SPEAKER_02 37:19

Check his affiliate link.

SPEAKER_01 37:21

Which I forgot to put in, by the way. Uh but uh you get four percent guaranteed just for holding your money in a SoFi savings account with direct deposit.

SPEAKER_03 37:31

Wow, okay.

SPEAKER_01 37:32

So if I put a hundred grand in there right now, then I'm gonna have an extra four thousand dollars at the end of the year, which is enough to control uh uh and and I know that's an extreme example. Don't hold me to that. I'm just for easy math.

SPEAKER_03 37:46

Yeah.

SPEAKER_01 37:46

That's four thousand dollars that you can use as a down payment on a house that you did not have to work for. Yeah, that just sat there. Yep. So if you're you know, average American, we're we're talking about $75,000 a year. Lower middle class. Yep. You put 10% of that into a high yield savings account, $7,500. Right? And 4% of that is $300.

SPEAKER_02 38:13

We have a calculator. Yeah, check me out. I don't want to lie.

SPEAKER_01 38:15

Check me out. I want to check my math skills right now. 4% of $7,500, $300? $300? Yes. Good job. Okay. All right. So now you have uh $7,800 at the end of the year. Yes. That's enough for a down payment on a $100,000 home.

SPEAKER_02 38:33

Yep. In 12 months, not even counting seller concessions. You can maybe have some money in your pocket still.

SPEAKER_01 38:38

Yeah, that's what that's what I mean. Like that's that's gonna cover your down payment and closing costs on a hundred thousand dollar house that you can move into, let that grow at 3% for a year. That's where you get your $100,000 from. That's where I was leading up to. Or a duplex. Or a duplex, something that's paying you. Run something out, yep. So you got money coming in from the other side of the duplex. Yes, you have a hundred thousand dollars in real estate that you took a loan out for. Yep. You've got at least $7,800 of equity in it. Yep. So you sell that in a year or two. If you want the cash. If you want the cash. And then you can start playing in the stock market, putting some money in some ETFs and letting that grow.

SPEAKER_02 39:20

Or you can do 10% a year. Maybe not even sell it. Maybe the rent is enough that's paying you because if you're still working while you have that rent. There you go. Or at least you're living for free. Maybe if you live in one half, so you have options at that point if you build yourself up. I know everyone says the whole like, oh, you need to buy and live for free, and you're like, it's it is much harder.

SPEAKER_01 39:39

Everyone says it, but who's actually doing it? Who's who's doing that? I want to give like because we're we're spoiled, yeah. Okay, like, especially here in Michigan, like we're not living in a in a you know, a high-rise community like they do in New York City. Yeah, or even Chicago. Chicago is another good example, San Francisco. Um, these high market places where people have 400 square feet for $2,000 a month. You get what I'm saying? Like, crazy. So we're we're spoiled in this market to where we can we can get a duplex for less than $100. What less than $100,000?

SPEAKER_02 40:20

That's true. Yeah, you can't, you really can't get for less than $100, yeah.

SPEAKER_01 40:24

You can buy income for less than $100,000.

SPEAKER_02 40:29

If you're talking money out of pocket.

SPEAKER_01 40:30

Yeah, we're we're gonna, I'm gonna give you a real world example. If it's your first house, if this is your first house, conservatively you're gonna put 10% into it. Closing costs, if you're not getting any help from the seller. Yeah, closing costs on a hundred thousand dollar rental, ten grand.

SPEAKER_03 40:51

Yeah.

SPEAKER_01 40:52

You're gonna live in one side, your mortgage is gonna be six hundred thousand. Or I'm sorry, your mortgage is gonna be six hundred bucks. Maybe we're not we're not we're not even paying the taxes. No escros? No escros. Conventional loan, five percent down, five percent closing cost. All right. All right, I'm being I'm being like practical about this. 10 grand. You can do 10 grand in a year if you're making 75,000.

SPEAKER_02 41:16

You can. If you really hustle and you want to put your money towards that and you put in a high-yield savings, you can make it work. Yeah, you gotta have the goal.

SPEAKER_01 41:21

And worst case scenario, two years. You gotta have the goal. So you put that, uh, you you get this hundred thousand dollar duplex, yeah, you're gonna charge your neighbor a thousand bucks to live there. Yeah, they got a nice little two-bedroom, you fixed it up real nice. $1,000 in this market for your own spot?

SPEAKER_02 41:38

Yeah, that's not bad. A thousand dollars. Fair rent two bedrooms, you're not too bad. Like a scummy landlord, like that's a very fair rent price for your own two-bed, one bath.

SPEAKER_03 41:46

Yep.

SPEAKER_01 41:46

And so the $600, I mean, you're gonna have to, you're still gonna have to work, right? But your mortgage is $200 a month. What are you doing for the rest of the with the rest of your money? Yeah.

SPEAKER_02 41:56

Even with bad income, you're making at least two grand on top of that. Yep. Not even bad income, lower income.

SPEAKER_01 42:02

You know. So what you do is you live there for a year and you go buy another one. Using the income that you got from the first one, you're gonna replace yourself with another tenant paying you a thousand dollars a month.

SPEAKER_02 42:13

Tenant one because you're gonna buy it as a primary and get better rates than you would as an investment property.

SPEAKER_01 42:17

Exactly. Exactly. You repeat this cycle. And in 10 years, guess what? I've got 10 houses paying me $20,000 a month. Yep.

SPEAKER_02 42:29

And all those houses are tax write-offs because depreciation, money you spend into the house, lawn care, snow, whatever it is. That's money you can write off on taxes.

SPEAKER_01 42:38

Yeah. Oh, what about what about if the tenant calls me at at three in the morning? Hire a property manager. Yeah, because I'm not taking calls at give them 10%.

SPEAKER_02 42:47

Hire a property manager.

SPEAKER_01 42:49

10% like, and I want to put this this is real math. So most property managers will charge, or I mean, not even anymore. Like they're going down too. They they'll charge you a setup fee. And now I think I've I've saw somebody that does a flat rate. Okay, like they just charge you a flat rate for renting the property out. You set up an escrow account. Um, but let's let's go on the high end. Somebody's charging you 10% to manage your property. You're making $20,000 a month. That's two grand. You're down to $18,000. Your mortgage for those 10 properties, six grand. You're down to twelve thousand dollars a month. Whoever is me. Yeah.

SPEAKER_02 43:30

Oh, you got $12,000 for doing nothing?

SPEAKER_01 43:33

I got $12,000 for for providing shelter to the unhoused.

SPEAKER_02 43:37

Yeah. You know, and for fixing that shelter, again, you're not a slum lord. Like that escrow account is to make sure your account or your property stay in good standing and like everything works.

SPEAKER_01 43:48

Like, not even that, Liam. Like, you lived in these houses. You're not gonna, you get what I'm saying? Like, you you're not gonna put somebody into a place that you wouldn't live in yourself or that you haven't lived in. Yeah. So it's not like you're buying rundown houses. These are you know livable units, and to keep your expenses low, you're going to live in these units for a year. Yep. For 12 months. So that you qualify to get the next one. That's easy too. You just need a little patience. Mm-hmm. So you like a little sacrifice. Yeah, 10 times out of 10, somebody asks me where they're going to start, I'm going to say saving up some money to get some real estate.

SPEAKER_02 44:31

Yeah, I like that. That answer is not going to change. I like that. Do you think people are willing to put in the sacrifice? On average. Yeah. Yeah. They just they just gotta want it.

SPEAKER_01 44:40

I I don't think enough people set a clear enough path.

SPEAKER_02 44:44

Yeah. I was about to say, I don't think enough people know what they can actually get on the other side of it. Yeah. Not to say I know, because I'm not there yet, but I've had this seed in my head for five years to where I know what I'm aiming for and what I think I can get to.

SPEAKER_01 44:57

I'm gonna tell people the money is real. Okay. Money is real. And I you know what I saw this this morning on uh online. Somebody posted You think it's hard to make $10,000 until you're in a room with people making $10,000 a day. Yeah. So like it's the proximity principle, right? Like you get around, you get around people that are doing the thing that you want to do, and you'll start doing it too.

SPEAKER_02 45:29

Yeah. I also think it's ex- it like people, I think people are realizing it now, but people don't realize as a whole how it like I won't say expensive, but yeah, I guess like costly it is to be broke or to be poor. Like you really have to because if and me and Tim talk about this all the time of like when you want to buy something that's cheap at the store, but you have to fix it three times, you've spent more money on the initial thing that if you just spent the three, four hundred dollars the first time extra, yeah, you wouldn't have had to deal with that. And now you're spending money and time on those things. And that again, that goes circle full circle what we talked about in the beginning. People don't put a value on their time enough, and then they think they can just do the cheapest thing possible, right? And that costs them so much more money in time, in stress, in health, whatever it is, you know.

SPEAKER_01 46:20

And that's a personality type. I know so many people with money that are cheap. Yeah. Like they have this, they have this mentality that, like you said, like, oh, I'm not gonna spend my money on that. I can do it myself. Yep. But now it's costing you time that you could have been, you know, doing something else.

SPEAKER_02 46:41

And that's like what we've talked about a bunch. I think money and time are the only two currencies. So like I personally, my goal to get money and the strive and the desire I have to get money is purely so I can buy my time back in the future or make my time in the future more enjoyable. Right. Because right now I'm in I'm in my 20s. If you're supposed to struggle at some point, I think everyone needs to struggle at some point. It's either gonna be now or it's gonna be when you're 50. You're gonna be struggling at some point. It's either because you didn't do enough work up front or because you were putting that time in to do the work. Uh but I'm also like pessimistic sometimes.

SPEAKER_01 47:17

So yeah, so I mean, like, it's it's a it's an experience thing, right? Because my struggle is gonna look different from your struggle. For sure. I'm struggling if I can't get my house clean this month. Yeah. You get what I'm saying? 100%. If if if my housekeeper doesn't come in to clean my house, that's a bad month. First world problems. Like, so so it's it's like a and not in not in like a uh a capitalistic type of way, like, but it's just like Elon Musk and I are not like we don't have anything in common. No, you get what I'm saying? Like, so so it's not to protect it, but it's just to say, you know, the your struggle is not defined by how much money you can throw at the problem.

SPEAKER_02 48:10

Not at all, no. But it will make it easier, yes, a hundred percent. When I'm thinking struggle, I'm really thinking a lot as well of like just being uncomfortable. I feel like the average person, even I haven't like I have my stops where I like don't want to be uncomfortable, but like I feel like people don't be uncomfortable enough, and when they're not uncomfortable enough in their own situation, that's when you can kind of get stuck. And I feel like that you're not gonna get rich without being uncomfortable. You know what I mean? I feel like you have to be uncomfortable at some point to get out of those boundaries. Like, it's gonna be uncomfortable when I have to be a landlord for the first time. It's gonna be uncomfortable putting $10,000 on my first property. But if I don't do that, I'm not gonna get there. I feel like a lot of people don't want to get out of that shell. Myself included a lot.

SPEAKER_01 48:58

So the fear, the fear of doing something unfamiliar keeps you from succeeding at it.

SPEAKER_03 49:08

Yeah.

SPEAKER_01 49:09

That's deep. I mean, this is I'm I'm just uh, you know, receiving what you're saying.

SPEAKER_02 49:15

Like put it in those words, like yes.

SPEAKER_01 49:17

Yeah, like like I and and I'm I'm I'm not trying to uh you know dumb it down, but a fear of success is a real thing. Oh, for sure. Like imposter syndrome, uh you know that's what it is. That's exactly what imposter syndrome is. Yep. I don't deserve this success, I don't deserve to win because I haven't struggled enough. Or I don't know enough, or I I don't deserve it for whatever reason. There are so many successful idiots, bro. Like I'm I'm telling you from experience that there is someone way less intelligent than you just failing into a million dollars.

SPEAKER_02 49:58

Oh, yeah. I don't know if we talked about this on the podcast last week or I had this conversation with someone else, but like I know a lot about mortgage for how little I've been in the industry. I know a lot. There's people on the floor who know way less than me who are definitely making more money just because they attack the phone. They they hustle harder, they they just do things a different type of way than I do. And like knowledge and the intelligence and the I don't know. Just the feeling that you can get there does not beat the action of someone that might be way dumber than you actually doing the thing.

SPEAKER_01 50:35

Ignorance is bliss, it really is. If you don't know that you're doing something wrong or stupid, or you're too dumb to think you can fail. That is a superpower, bro. It is, it is. That's how I started in mortgages. I just I literally hopped on the phone day one and pulled a $400,000 loan.

SPEAKER_02 50:56

That's crazy.

SPEAKER_01 50:57

Unlicensed, not doing like all like they get they handed me a sheet of paper. They said, okay, we need you to ask these questions, get his date of birth and social.

SPEAKER_03 51:07

Yep.

SPEAKER_01 51:07

Fill it out. I asked the questions, got the date. There was no fear behind it because I was just like, there's no outcome to this. So I was like, so I looked up at the end of the day and I had 10 of these. Yep. And everybody's looking at me like, what, what the f do that? Hey, we we need to get us all. When did you talk to these people? What are these? I'm like, I just filled out the paper. This is what you told me to do. I got asked. So Tim's grabbing three of them. My my TL is grabbing a couple of them. He's like, he's like, You got data birth and social from all these people? I was like, Yeah, I was just talking to them. Told me to talk to the like that's what we're supposed to do, right? Yeah, I had no clue how much money I had just made. And they knew that I did not. I'm hey, I want I want my money from they knew that I didn't know how much money I had just made. Oh, that's but the ignorance of me not, you know, I wasn't afraid to get on the phone. I had just spent the last decade, you know, talking to people on the phone in real estate. So it was just like, that's nothing for me to hold the conversation with somebody.

SPEAKER_02 52:09

It's just talking about real estate, yeah.

SPEAKER_01 52:11

Yeah. What you trying to do, man? Oh, oh, you want a boat? How much is the boat, man? 30 grand. Okay, cool, cool. Do you have any other debts you might want to throw in there? We're here. Yeah, okay. Next steps are pretty simple. I got about 70% of your information. Uh what uh when's your day? When's your birthday? Yeah, it's coming up. That's why you're buying the boat. Cool. Awesome, yeah.

SPEAKER_02 52:36

What day exactly is that?

SPEAKER_01 52:37

Yeah, yeah, okay. Where do you work? Uh yeah, I work here uh 80 g a year. All right, nice. And like I'm just I'm I'm just talking, yeah, but I'm taking an application. And I think a lot of people were so focused on Monday. Oh, I gotta stick to my script.

SPEAKER_02 52:53

Yep. That was me. I mean, I I was told like, and I was lucky where I was trained by Tim, where he was like from the get go, fuck the script, shut up, your brain's wrong. You're gonna want to stick to it, just have the conversation. Like that saved me. Um, so I kind of had that problem until Tim talked me out of it. Shout out Tim Rios. Um, and yeah, no, I you need someone to tell you just to get out of your own head in everything, you know?

SPEAKER_01 53:22

It's a skill to be able to get out your own way. Yeah, yeah. And that and that goes with anything. That goes with making money, spending money, investing money. Get out of your own way and do the thing. You do the thing long enough, you're gonna succeed.

SPEAKER_02 53:37

Absolutely. If you want to get out your own way and let us help you out with uh anything financial, um hit us up.

SPEAKER_01 53:46

Hit us up, man. Yeah, dm us, leave us in the comment. What's in your way?

SPEAKER_02 53:53

Tell us.

SPEAKER_01 53:54

Tell us in the comments.

SPEAKER_02 53:55

Ask us some questions too. I want more questions. I've only gotten like three. And there was that one guy asking for a revolution.

SPEAKER_01 54:01

Hey, I'm with him. I'm with him. Shout out to the revolution guy. True. Up in the system, bro. What was that? Uh what was that? Breakfast Club? I think so. Where he blew up all the credit card companies. Shout out to the revolution, bro.

SPEAKER_02 54:16

Oh, yeah, yeah.

SPEAKER_00 54:18

All right. I'm good.